Bank of America Corporation is a major US bank headquartered in Charlotte, North Carolina. The company was at times the largest credit institution in the United States.
According to Bank of America 's latest financial reports and stock price the company's current Operating Margin is 27.01%. At the end of 2023 the company had an Operating Margin of 28.75%.
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.